1940-09-06 — Page 9

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HONGKONG DAILY PRESS

في

Finance and Commerce

Malaya Increases Trade Despite War

Malaya, the Empire's dollar arsenal, has again strikingly given the lie to Goebbels' claims of having blockaded Britain,

Vital trade statistics, just revealed, not only give complete proof of British mastery of the seas, but show that more exports are going to Britain from Malaya than ever. As a matter of fact, high increases are shown in the majority of the export

Items.

Despite cessation of all trade with countries in Europe owing to the war, and to enemy territories. Malaya has not only maintained half a million dollars. her export trade but increased it. says the Malaya Tribune.

six months of this year being me than $8 millions, the increase over May in June amounting to nearly

Up to June 30 this year, Malaya made a profit on her trading, re- presented by the difference be-

Foen exports and imports. of $138,416.669, Imports totalled $423. 873,798, and exports. $562,290,467.

To the United Kingdom alone, Malaya has exported goods to the value of $73,086,099 this year, the tatal for June alone being over $18 millions, which is approximately $8 millions more than in May.

Exports to Eire increased by $10,000 during the month, the figure for May this year being $7.224.

TO AMERICA

Exports to the United States of america were $46.453.699 during June alone, the total from Janu- ary to June being $272,253,814. In June last year the exports to the U.S.A. were $19,233,968.

Exports to Japan show little afference between June this year! and June last year, the increase this year being a little more than $100,000, and the total $5,453,195.

While exporting more goods than ever to the USA. Malaya has, at the same time. increased her imports from the New World.

Last year, for, June, the figure was $1,106,358. This year the figuro In June last year Malaya's ex has been more

doubled, than ports to the United Kingdom, incl-though compared with the May dentally, totalled a mere $4,900,000 figure, the imports for June were and to Elre $2.579.

less by approximately $100,000.

Malaya's imports from have also dropped, but exports for Ships were able to carry large June this year, compared with last quantities of Malaya's goods also year, have more than doubled, the to Africa, the total for the first latest figure being $552,906.

What has happened to Goebbels' "blockade of Britain?"

China

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

Bayer Belters

Balon

Tomiral

SHAREBROKERS' ASSOCIATION

THURSDAY

5 SEPT.

Banks

Bayrı

Saljere

$1285

$1590

H.K. Backs

$1280

$71

Do.,[Col. Reg.)

£66

Do. Lon. Reg.)

...£65/16

$145

$110

1.

#210

Chartered Banka

9283 | Marcantile Bkı “A”

£11 | Mercantile Bks. "O"- $72 Bank of East Asia......

N. C. & S. Banks..... Insurances

Underwriters

H.K. Fires..

H.K. STOCK

EXCHANGE

The improvement in bids for shares continues and although holders are opening up the supply remains below absorption capacity. BUYERS

HK, Banks, $1290. Canton Ins., $180. Union Ins., $376.

HK. Fire Ing., $149. Douglases, $110 Docks (0), $16.50. Docks (N), $18. Providents, $4,25, Hotels, $3.50. inds, $29.80 Trams, $15.85.

Star Ferries, $57.50. Yaumati Ferries, $2.50 China Lights (0), $6.70.. China Lights (N), $3.60. Telephones (0), $23.50. Cements, $18.40. Dairy Farms, $17.90. Watsons," $8.80.

SALES

HK. Banks, $1290/95. Docks-(0)-$16.60,— Docks (N), $16/18.10. Providents, $4.20 Hotels, $3.50/3.55. Lands, $30.

Trams. $15.70.

Cements. $18,10/18.50;

Dairy Farms. $17.95.

"FINANCE & GENERAL

PERPETUAL SEARCH FOR PROSPERITY

STRESSING THAT IN INDIA "THERE ARE GREAT INDUS- TRIES WAITING" TO BE BORN, with great mineral and vege- table resources comparatively untouched," and that although Malayans have cause to be more satisfied with their general emelengy, there is little cause for complacency," Mr. Harold Lawson urged Singapore Rotarians to consider hastening their present processes of efficient orTanisation.

HIGHER TAXES PROPOSAL

"Also there is a vast number of avallable labourites with too few discerning leaders, to organise an officient welding

the of

three component parts of prosperity:"" said Mr. Lawson, when referring to the waiting prosperity of India. "In Malaya. the picture changes and we can look more happily Paying a tribute to the success upon the results of our past years of the war,

funds in the FM.S of labour. It is significant that and of prosperity, and the Colony, Mr. W. G. Blunn, the measure speaking on the adjournment at the higher standard of living in the Federal Counell in Perak, ex-Malaya, goes in hand with general pressed surprise that the Govern-office efficiency, which ment had not thought of raising deniably at a considerably higher the duty on liquor and tobacco, level than that obtained in India.

which, he said, was much lower than in England.

13

WX-

COULD BE IMPROVED "Nevertheless. though Malayans

no

He thought that additional have cause to be more satisfied taxation on - these, commodities with their general-efficiency-than- would amount" to $53 millions. has India, there is little cause for

that the complacency, and I have

doubt that conditions could be im- proved to an extent that would astound the majority," added Mr. Lawson.

Mr. Blunn suggested Government was so obsessed with the thought of income tax that such obvious anomalies were beneath its notice.

Mr. Lawson stated that as one He went on to suggest an add-who is intensely interested in the tional tax of ten cents per gallon welfare of humanity, as one to of petrol, and doubling the import whom the advantages of efficient auty on textiles

organisation have been a subject of considerable study" he would ask all Rotarians present to con-

H.K. Govt. 31% Loan (1934), $95. RESERVE BANK OF

HONGKONG

SHAREBROKERS.

ASSOCIATION

Volume of Business Transacted

on Thursday, Sept. 5, 1940...

A.S. Watsons Cements

The total value is $45,292.50.

INDIA STATEMENT

Calcutta, Sept. 4 (Reuter).

Aug. 23 Aug. 30 Notes in circulation including Notes held in the Bank- ing Department)... 28.042 Rupee Coin and Bul-

lion in India 3,490 Gold Coin and Bul-

lion in India Securities (Indian

Government)

4.441

4.980

alder whether "there is not room for a hastering of their present.

processes," and elimination of the "drudgery or repetitive work from which the machine should save humanity."

!!

"If you can find a way, no mat- ter how small, to circumvent the 26.016 ways of the time-loser, and sub- stibute his methods with those of 3,464 he time-user, you will not only have rarned for yourself a profit, 4.441 but have served humanity in its perpetual search for prosperity," 4,960 concluded Mr. Lawson.

Securities (British

Government) ....... 13,150 13,150

3.50 SOVIET HUNGARIAN

TRADE PACT

SILVER MARKET

--LONDON-SILVER- London Sept. 4 (Reuter), Silver: Business negligible. Mar- ket quiet. In the afternoon, the LONDON, Sept. (Reuter)-market was very quiet. 15.70 It is announced in Moscow that

Spot, 23-7/16d. Forward. 23-1/4d. 15.70, the Soviet-Hungarian Pact 1185 been signed, providing a turnover of nearly £1,000,000 during the first year on either side.

300 $ 8,75 300 16.10

Malenorinal

China Lights (0)

China Lights (N)

100 16.40 100

6.75 400 3,70

Docks

£71

HK. Docks (0)

£80

150 16.50 100 16.00 100 16.60

£8

HK. Electrics (0)

200 38.30

£28

50- -38.25-

++

372

HK. Hotels

500"

150 ct.

1,000

3.55

500

3.55

Canton Insurances......

$210

China Providents

500

4.20

$375

Union Insurances.

$376

HK. Tramways

100

10 cta.

bate.

300

8145

Shipping

4,900

Douglases

-$120

811

Steamboats

***

$10

$100

Indo-Chinas (Praf.)..

$100

$80

Indo-Chinas (Def.).....)

35/7

Shells

$6.00 Waterhosts

$100 32/8

$6.90

Docks, Wharves.

Godowns, etc.

387

H.K. & K. Wharves..

887

$4,15

4/4.20

Providenta

$403

$4.00! 10

$16

H.K. Docks (Old)....

$18

$16

$16

$18

H.R. Docks (New)

$16

*36

+Shanghai Docks........

835

4!

Mining

Kainas

18.15

Hong Kong Mines......!

Lands, Hotels and

Buildings.

$3.45 $29.80

FI.K. & S. Hotals...

23.45

$30

H.K.. Lands....

$29

$100

Do. 4% Debentures.....

$100

$12

ron

Shanghai Lands...

93 20

H.K. Raslties..

$3.20

$6.85

stated.

2.

2 cts.

13/0

$9.56 Raub

"

**

Humphreys...

$101 Chinese

Cotton Mills

Ewo (3.).

$210 'hai Cottons (8.)........)

Zoonz Sings (8.)...

Wing On Textiles (8.) $125

Public Utilities

621!

$3.70 Peak Trams (new)...

Star Ferrios.......

Y'mati Ferries....

China Lights (0)...... 8670

China Lights (New). $3.75

***

$36.40 H.K. Electrics(New)... $38.75)

::

$3:00

$30

18/0

$42 3210

$16.60

H.K. Tramways..............

-815.65

815.70

$1,40 Pask Trams (old).....

$8

84

$57

$58

$21

$6.70

$1.80

$374

#37

H. R. Electrics Goldi...

$17

Macao Electrics (Old)|

816

Macao Elcetrics (New)

811

$23) $99

171

ག

:.

$37.76/38.25

***

$93.50

$15.70

85

HE, GovL Loans

1007,

$15.00

$15,60

$00

Sandakan Lighta........

Talephones (old)...................... Telophones (new)........... S'pore Tractioris (Ord)

Industrials

914.90 Cald., Macg. (Ord.) 8.

$12

Cald., Macg Prof.)B.

Canton Ices......

Cements fun

# H.K. Bones........

899 4% Loan

$34%

896 31%

W

(1934) (1940).. Miscellaneous

Dairy Farms.

$0.60 Entertainments

$1.80 Constructions fold)...

$1

Constructions (new)........

$746 Lane Crawforda,

82.16 Sinceros

Watsonk

25. Ch. G.5% 19250$Bda.||

$17.00

$8.00

:i

Nanyang Tobacco..

$39

1.K. Wing On

S'hai Wing On

18

8/9

4/

81

Vibro Piling

Margmans Jay, (Lon,)

Maranans lay. (H.K.)

Wm. Powells......

+Sale to Shanghai

$172

LONDON STOCK

EXCHANGE

Soviet Russia will import from Hungary railway parts and oil pipes while Hungary will take and LONDON. Sept. (Reuter) timber, cotton, manganese

5 The Stock Exchange was favour-chrome orez. « ably influenced by news of the transfer of 50 United States des- troyers to Britain and hence mar-| ket activity increased with ad- vancing prices.

All sections were affected but: Industrials and Oils were most notably favoured.

Wall Street was narrowly irre- gular.

LONDON METALS

"EXCHANGE

London Sept. 4 (Reuter).

Tin, Standard, Cash, Middle Price, £257-7/8.

Tin. Standard, 3 months, Middle [Price, £257-5/8..

Malaya's Huge Pineapple

Industry Still

Idling

millions

con-

Malaya's third industry, the pineapple, on which have been spent and which embraces over 100,000 acres, tinues to idle as a result of the prolonged lack of orders from overseas. The outlook, unhappily, is not bright, says the Malaya Tribuna.

•

- BOMBAY SILVER Bombay, Sept. 4 (Reuter). Market-Qulet but steady. Off- take 25 bars.

Indian Mint Silver Ready Sept. 25. Settlement Oct, 23 Settlement

63-09 63-08 63-08

FRIDAY, SEPTEMBER 6, 1940. —PAGE

SAY

Gordon's

...and know what you're drinking

GORDONS

DRY GIN

DISTILLERY LONDON,

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

NEW FILLIP FOR RUBBER

INDUSTRY

If the hopes of a Hongkong business-man, who is now build- ing a new rubber factory in Klang. materialise, Malaya will, in the near future, begin to produce more motor tyres and tabes, absorbing a large part of the country's rubber output.

He is Mr. Fung Keong, the owner of a rubber manufactory: In Hongkong, who is installing special machinery in his new factory for the manufacture of tyres and tubes, The factory will also, manufacture footwear and other rubber. goods, says the Malaya Tribune.

It is of interest to note that it considerable experience of rubber as a chance remark by Sir Wil manufacture, thinks that "motor liam Feel (formerly Chief Secre- tyres can be produces here most ary. F.M.S.), who, after his ap- economically.

The raw material is available al- pointment as Governor of Hong- kong visited Mr. Fung Keong's most at the factory door, and factory there, that persuaded him labour is comparatively cheap. to build a factory in Klang.

technical What is needed is Sir William casually remarked | skill. that if ever he thought of extend-

"the enforced closure . Following ing his business, no country of of his factory in Canton (owing fered greater opportunities than to the Sino-Japanese hostilities); Malaya.

Mr. Fung first visited Malaya re- Another benefit that will deoruecently, and was so convinced of to Klang as a result of this new the future of Malaya as one of enterprise is that it will absorb at the principal centres for the pro- least a part of the large numbers | duction of rubber manufactured thrown out of work, following the goods that immediate arrange- closing down of

the pineapplements were set on foot for esta-. canning factories there.

blishing a branch in the country,

There are now already three It will be recalled that consider-such businesses in Klang. able success was achieved by the A plot of land. 57,250 square manufacturers of the locally-made feet, was secured in Kapar Road motor tyres known as "Tan Kah and work was immediately start- Kee" tyres a few years ago.

ed on the factory and other build- Mr. Fung Keong, who has had ings.

MALAYA'S POSSIBILITIES

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged al the price given below 1- SITUATIONS VACANT.

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Bate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.

WANTED KNOWN

" VANITY *, Mezzaninë Entrance N. Lazarus & Co., Pedder Street.

Beautiful Selection of Evening Malayan Dresses also Day & Afternoon Most of the 25.000 workers, who sudden death of our formerly handled this big industry pina industry," said the mer-Frocks. Costume. Jewellery, Cos- which was estimated to represent chant, "except the war. Ordetsmetics and Perfumes. Latest from a trade of well over $12 millions", have stopped from: overseas, New York...

a year, and into which, it is said, especially the United Kingdom, as over $5 millions were originally the pine is considered somewhat sunk, are said to be still without of a luxury, and shipping space

-Experienced Book-keeper Wants

any regular work, it not having is taken up almost entirely with Students to form a class. Guaran- been possible yet to find a satiatin and rubber. We cannot factory solution of

$810 blem

1

their

pro- anything"

On several estates, it is report- ed, only maintenance staffs are being retained.

A Singapore Chinese merchant.

30 ota, owning thousands of acres of pines in Johore, told me money is wasted completely."

""The

The modernisallon and 13- tensive cultivation of the pine- Was apple industry, which first taken up as a catch crop

da tee students to keep a whole set of books after completion of a course

on a small scale some 20 yEŽIN ̧.

ago. is only of recent datea.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

We pay high prices for all Gold Elver articles, Diamonds, Jade and Gold dust. Apply China 'Gold of 6 months. For Term and Par-Refining Co.; Pedder Building, 2nd ticulars. Please Apply to Buxoor, Room 4. No. 463. c/o H.K.DP.

WANTED TO BUY

ago, much acreage WE OFFER HIGH PRICES for

In the very poor days of rubber some years

of

gold articles,

He reckoned that over $5 mil-made way for the pine, and des-any amount tons have been invested in the pite packing conditions not being diamonds, Jades, etc. No holidays, Industry in Malaya, "but this is all that was desired, leading to Apply China Building, 7th floor. comparatively small as compared complaints from Overseas cus- Tel. 30727. Eurasia Gold Refining with the volume of trade, which tomers and the appointment of a Co. $4.20 $1.86 rues into well over $12 millions a Government expert to help the

"Malaya exports approxi- mately 24 million cases a year. and the Industry has been' bullt up to become one of the

year'

$7

$31

$2.20

$81

2010

$39

#14

1:2

::

訂

largest in the world",

FOR SALE

A selection of the best varieties of

RELIABLE & TESTED

FLOWER AND VEGETABLE SEEDS

From

Messrs. Buttons & Sons, Reading, -Messrs. Atlee Burpee & Co.,

•

Industry, Malaya was able to

Wanted to Buy 2nd Hand Type-Messrs. maintain her importance as A writer in Good Condition, Please pineapple exporter.

apply to Box No. 464 c/o The For 1929, Malayan pines consti- FKD.P. tuted 84 per cent. of the total exporta from all countries to

At one time. it was estimated the United Kingdom, and ever

that Malara's pineapple industry since, until the outbreak of war

FOR SALE

was the world's second largest, curtailed freight space, Malnya For Sale Fifty sets of Jubilée and being behind Hawail's, and that has. It is believed. Held the post-Coronation Stamps 1st day Cover." tion of being leading exporter to What offer? Please apply to Box "There is no reason for this Britain:

In point of packing only.

No. 465 e/o The HK.D.P.

Philadelph!s Arthur Yates & Co., Ltd.,|

Sydney

The opportunity of serving you will be a pleasure and' your commands will have our best attention.....

GRACA & CO.

No, 10 Wyndham Street PD. Boi 20. Hồng Ko

TEA DANCES Tuesdays

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Saturdays Sunday's

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